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To date, Climate Change issues have been introduced new amendments into political and economic processes over the world. In this connection, all financial and legal frameworks of the countries of Central Asia have also been transformed in order to adapt and mitigate risks caused by climate change.
Abstract:
As gained the state independence, the Central Asian Countries has been always an integral part of global process of economic, political and social developments. However, the global development in the context of international law and finance has been the most significant part of international cooperation for Central Asia. Such an integrated relationship among the countries of Central Asia and with international stakeholders has generated not only a number of positive outcomes and successes towards regional development, but also negative consequences and failures that affected the way of development of civic society, business sector and governments as a whole. Moreover, since recognizing the devastating impact of global warming by developed economies in 2010, the Climate Change adaptation and mitigation issues have been heralded as the most urgent issue at every summit. Nowadays, new developments associated with Climate Change have extensively penetrated and completely transformed the developed over the centuries legal and financial frameworks on global, regional and local level. Whether these changes are the new opportunities or drawbacks for the countries of the Central Asian Region are expected to be delivered and discussed by scholars and young researchers in the given panel session. In addition, to what extent the international legal regime has been changed due to climate change issues and its further impact on the Central Asian countries are reviewed and studied. Furthermore, the new developments in international finance in the context of climate change for developing economies, particularly with regard to the Central Asian countries, have created a new investment environment and financial regulations. How beneficial and constructive these innovative approaches have been for the Central Asian SMEs, especially in the sector of agriculture and industry are in question and under study. This panel session addresses the legal and financial challenges, as well new possibilities and visions of sustainable economic and social development of the Central Asian countries.